Will Wei Cheng discloses 77.4M Class A shares, voting control noted (DIDIY)

Rhea-AI Filing Summary

DiDi Global Inc. beneficial ownership disclosure: Will Wei Cheng reports beneficial ownership of 77,421,441 Class A ordinary shares, representing 6.9% of the Class A shares as of March 20, 2026. The filing shows Mr. Cheng has sole voting power over 97,690,689 votes, which reflects voting proxies and Class B shares held by Xiaocheng Investments Limited. Xiaocheng Investments Limited is reported to hold 76,171,441 Class B ordinary shares and sole dispositive power over those shares. The filing notes 1,250,000 Class A shares underlying options exercisable within 60 days after March 20, 2026.

Insights

Corporate Governance Analyst

Ownership structure emphasizes concentrated voting control despite modest economic stake.

The file documents that Will Wei Cheng holds economic beneficial ownership of 77,421,441 Class A shares (6.9%) as of March 20, 2026, but reports sole voting power over 97,690,689 votes. This gap arises from Class B shares and voting proxies described in the notes.

Key dependencies include the trust and voting proxies cited for Xiaocheng Investments Limited and other shareholders. Subsequent filings or proxy revocations could change the voting profile; timing not specified in the excerpt.

Securities Compliance Specialist

Filing aligns with Rule 13 reporting of beneficial ownership and proxy aggregation.

The Schedule 13G/A lists specific counts: 76,171,441 Class B shares held by Xiaocheng and 1,250,000 exercisable options within 60 days, which the filer aggregates for voting and economic interest calculations. Percentages are tied to outstanding shares as of March 20, 2026.

Certifications and a joint filing agreement are referenced; further exhibits were previously filed on May 2, 2025 per the incorporated exhibit note.

Key Figures

Beneficial ownership: 77,421,441 shares Percent of Class A: 6.9% Sole voting power (Cheng): 97,690,689 votes +4 more

7 metrics

Beneficial ownership 77,421,441 shares Class A ordinary shares as of March 20, 2026

Percent of Class A 6.9% Calculated as of March 20, 2026

Sole voting power (Cheng) 97,690,689 votes Includes proxies and Class B vote equivalents as of March 20, 2026

Xiaocheng Class B shares 76,171,441 shares Class B ordinary shares held by Xiaocheng as of March 20, 2026

Options exercisable 1,250,000 shares Class A options exercisable within 60 days after March 20, 2026

Reported voting power percent (Cheng) 43.2% Percentage of total outstanding voting power as of March 20, 2026

Reported voting power percent (Xiaocheng) 42.0% Percentage of total outstanding voting power as of March 20, 2026

Key Terms

Class B ordinary shares, Beneficially owned, Sole voting power, Dispositive power

4 terms

Class B ordinary shares financial

"Each Class B ordinary share is entitled to ten votes per share on all matters"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

Beneficially owned regulatory

"The number of shares here represents the shares beneficially owned by Mr. Cheng"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole voting power regulatory

"Sole Voting Power 97,690,689.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Dispositive power regulatory

"Sole Dispositive Power 77,421,441.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/01/2026 - 04:00 PM Learn about SEC filing dates

FAQ

What stake does Will Wei Cheng report in DIDIY?

He reports beneficial ownership of 77,421,441 Class A shares representing 6.9% of Class A shares. The percentage is calculated using outstanding ordinary shares as of March 20, 2026, per the filing.

How much voting power does Will Wei Cheng control at DiDi?

The filing states Mr. Cheng has sole voting power over 97,690,689 votes. This total reflects his voting proxies and Class B shares converted to vote counts under the companys one-vote/ten-vote class structure.

What holdings does Xiaocheng Investments Limited report?

Xiaocheng Investments Limited is reported to hold 76,171,441 Class B shares with sole voting and dispositive power. The filing ties this holding to Mr. Cheng through a trust structure described in the notes.

Are there options included in the ownership totals?

Yes. The filing includes 1,250,000 Class A shares underlying options exercisable within 60 days after March 20, 2026, and these are counted in the voting/dispositive power figures noted in the schedules.

What percent of voting power do these holdings represent?

The filing states the amount set out for Mr. Cheng represents 43.2% of total outstanding voting power; Xiaochengs holding is stated as 42.0% of voting power. Percentages use the combined Class A/Class B voting base as of March 20, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

DiDi Global Inc.

(Name of Issuer)

Class A Ordinary Shares, par value of $0.00002 per share

(Title of Class of Securities)

G2758H105

(CUSIP Number)

05/01/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G2758H105

1

Names of Reporting Persons

Will Wei Cheng

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 97,690,689.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 77,421,441.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

77,421,441.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.9 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Notes: (1) The amount set out in row (5) represents (i) 1,250,000 Class A ordinary shares underlying options exercisable within 60 days after March 20, 2026, (ii) 76,171,441 Class B ordinary shares held by Xiaocheng Investments Limited as of March 20, 2026 (beneficially owned by Will Wei Cheng, or Mr. Cheng, through a trust, of which Mr. Cheng is the settlor and Mr. Cheng and his family members are the beneficiaries) that Mr. Cheng has sole voting power over, and (iii) 20,269,248 Class A ordinary shares held by certain existing shareholders who have granted voting proxies to Mr. Cheng as of March 20, 2026. (2) The amount set out in row (7) represents (i) 1,250,000 Class A ordinary shares underlying options exercisable within 60 days after March 20, 2026, and (ii) 76,171,441 Class B ordinary shares held by Xiaocheng Investments Limited as of March 20, 2026. (3) The amount set out in row (9) represents (i) 1,250,000 Class A ordinary shares underlying options exercisable within 60 days after March 20, 2026, and (ii) 76,171,441 Class B ordinary shares held by Xiaocheng Investments Limited as of March 20, 2026. The number of shares here represents the shares beneficially owned by Mr. Cheng in terms of economic interest, which is not the same as the shares over which Mr. Cheng has voting power as illustrated in Note (1) above. (4) The percentage of class of securities set out in row (11) is calculated by dividing the ordinary shares beneficially owned by the Reporting Person in terms of economic interests by the total number of ordinary shares outstanding as of March 20, 2026. (5) The amount set out in row (5) represents 43.2% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power of the ordinary shares beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of March 20, 2026. Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote.

SCHEDULE 13G

CUSIP Number(s): G2758H105

1

Names of Reporting Persons

Xiaocheng Investments Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 76,171,441.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 76,171,441.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

76,171,441.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The percentage of class of securities set out in row (11) is calculated by dividing the ordinary shares beneficially owned by the Reporting Person in terms of economic interests by the total number of ordinary shares outstanding as of March 20, 2026. The amount set out in row (5) represents 42.0% of the total outstanding voting power. The percentage of voting power is calculated by dividing the voting power of the ordinary shares beneficially owned by the Reporting Person by the voting power of all of the Issuer's holders of Class A ordinary shares and Class B ordinary shares as a single class as of March 20, 2026. Each Class A ordinary share is entitled to one vote per share and each Class B ordinary share is entitled to ten votes per share on all matters submitted to the shareholders for a vote.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DiDi Global Inc.
(b)	Address of issuer's principal executive offices: DiDi Xinchenghai Building 1, Yard 6, North Ring Road, Tangjialing, Haidian Beijing, China, 100193
Item 2.
(a)	Name of person filing: Will Wei Cheng
(b)	Address or principal business office or, if none, residence: DiDi Xinchenghai, Building 1, Yard 6, North Ring Road, Tangjialing, Haidian District, Beijing, People's Republic of China
(c)	Citizenship: People's Republic of China
(d)	Title of class of securities: Class A Ordinary Shares, par value of $0.00002 per share
(e)	CUSIP No.: G2758H105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 77,421,441
(b)	Percent of class: 6.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 97,690,689
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 77,421,441
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Will Wei Cheng

Signature:	/s/ Will Wei Cheng
Name/Title:	Will Wei Cheng
Date:	05/01/2026

Xiaocheng Investments Limited

Signature:	/s/ Will Wei Cheng
Name/Title:	Will Wei Cheng / Director
Date:	05/01/2026

Exhibit Information

Will Wei Cheng and Xiaocheng Investments Limited have entered into a Joint Filing Agreement, a copy of which was filed on May 2, 2025, as Exhibit 99.1 to a filing on Schedule 13G, which is hereby incorporated by reference. 99.1 Supplemental Information Regarding Item 4